DHFL home loan

Why is DHFL Home Loan among the Best Ones?

When it comes to home loans, a borrower prefers the lender that can provide higher loan amount but on low rates. DHFL is among the few banks that offer housing loans which has the combination of both higher loan amount and a minimal rate of interest.

The loan is available to the candidates to eligible applicants. Talking about the eligibility, interest rate on the home loan is decided by DHFL home loan on the basis of few factors including your income, property value, credit history, professional stability among others. In this article, we have mentioned details of housing loan offered by DHFL.

DHFL Home Loan Eligibility

At DHFL, the factors that decide whether or not you will get the loan are as follows:

  • Repayment Capacity
  • Age
  • Educational qualifications
  • Stability and continuity of income
  • Number of dependents
  • Co-applicant’s income
  • Assets
  • Liabilities
  • Saving habits, and more

DHFL Home Loan Processing Fees

The processing fee applicable on a home loan is a one-time payment which is the non-refundable amount. The fee is ₹5000 to ₹20,000 for salaried individuals or self-employed professionals. For self-employed non-professionals, the fee is 1.5% of the loan amount plus GST.

DHFL Home Loan Documents

The documentation required to apply for a home loan at DHFL is different according to the profession. The list is as follows:

Salaried:

  • KYC Documents
  • Salary slip for the last 2 months/Salary Certificate (If variable components like over-time and Incentives are reflected then salary slips for the past 6 months are required)
  • Latest Form – 16 if salary above ₹20000/- per month
  • Copy of all bank pass books/bank statements for the past 3 months including front page
  • Company profile if it is a lesser known organization

Self-employed Businessmen:

  • KYC Documents
  • Copy of last 2 years Income Tax Returns of the applicant along with computation of income duly attested by a Chartered Accountant
  • Copy of last 2 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant
  • Brief Business Profile on the Letter Head of the firm by the applicant
  • Bank Statement for the last 6 months for the Savings Account & Current Account, O/D Account
  • Copy of either Shop & Establishment License/VAT Registration or any other mandatory license/registration or old ITRs evidencing business
  • Copy of the Partnership Deed, Memorandum of Associations, Articles of Association  (if applicable)
  • Copy of Tax Deduction Certificate/Form – 16A (if applicable)
  • Details of Contract (if applicable)
  • Copy of Advance Tax paid/Self Assessment Tax paid challan

Self-employed Professionals:

  • KYC Documents
  • Copy of last 2 years Income Tax Returns of the applicant along with computation of income duly attested by a Chartered Accountant
  • Copy of last 2 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant
  • Brief Business Profile on the letter head of the firm by the applicant
  • Bank Statement for the last 6 months for the Savings Account & Current Account, O/D Account
  • Copy of either Shop & Establishment License/VAT Registration or any other mandatory license/registration
  • Copy of the Partnership Deed, Memorandum of Associations, Articles of Association  (if applicable)
  • Copy of Tax Deduction Certificate/Form – 16A (if applicable)
  • Details of Contract (if applicable)
  • Copy of Advance Tax paid/Self Assessment Tax paid challan
  • Copy of Educational Qualification Certificate
  • Copy of Professional Practice Certificate
  • Salary Certificate (in case of doctors having salaried income)

DHFL loan Calculator

A home loan calculator is an online tool that tells you the monthly payment details on the loan. The basic details of the loan that are needed for the calculation are the loan amount, the interest rate, and the tenure. On the basis of these details, the monthly EMI, the total interest outgo, and the total amount (interest+principal) are shown.

 

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